National Bank of Canada FI Sells 11,941 Shares of Tetra Tech, Inc. (NASDAQ:TTEK)

National Bank of Canada FI lowered its stake in shares of Tetra Tech, Inc. (NASDAQ:TTEK - Free Report) by 21.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 44,539 shares of the industrial products company's stock after selling 11,941 shares during the period. National Bank of Canada FI owned approximately 0.08% of Tetra Tech worth $7,219,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its stake in shares of Tetra Tech by 10.7% during the third quarter. Stifel Financial Corp now owns 26,817 shares of the industrial products company's stock worth $4,077,000 after purchasing an additional 2,593 shares in the last quarter. Retirement Systems of Alabama lifted its holdings in shares of Tetra Tech by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 77,406 shares of the industrial products company's stock valued at $12,921,000 after purchasing an additional 205 shares during the last quarter. WCM Investment Management LLC increased its holdings in shares of Tetra Tech by 2.5% in the 4th quarter. WCM Investment Management LLC now owns 339,938 shares of the industrial products company's stock valued at $57,127,000 after acquiring an additional 8,394 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in Tetra Tech by 95.7% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 17,977 shares of the industrial products company's stock worth $2,733,000 after purchasing an additional 8,791 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of Tetra Tech during the fourth quarter worth about $82,209,000. Institutional investors and hedge funds own 93.89% of the company's stock.

Tetra Tech Stock Up 0.6 %

Shares of NASDAQ:TTEK traded up $1.37 during midday trading on Friday, hitting $213.73. 231,681 shares of the company's stock traded hands, compared to its average volume of 322,184. The firm's fifty day moving average price is $189.50 and its two-hundred day moving average price is $173.06. The company has a market cap of $11.43 billion, a PE ratio of 43.27 and a beta of 0.93. Tetra Tech, Inc. has a twelve month low of $132.29 and a twelve month high of $216.24. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.25 and a current ratio of 1.24.

Tetra Tech (NASDAQ:TTEK - Get Free Report) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.29 by $0.13. The business had revenue of $1.05 billion for the quarter, compared to analysts' expectations of $1.03 billion. Tetra Tech had a return on equity of 21.16% and a net margin of 5.36%. The company's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, equities research analysts anticipate that Tetra Tech, Inc. will post 6.2 EPS for the current fiscal year.

Tetra Tech Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 0.54%. This is a boost from Tetra Tech's previous quarterly dividend of $0.26. The ex-dividend date is Friday, May 17th. Tetra Tech's dividend payout ratio (DPR) is presently 21.05%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TTEK. StockNews.com upgraded shares of Tetra Tech from a "hold" rating to a "buy" rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price target on Tetra Tech from $203.00 to $233.00 and gave the stock an "outperform" rating in a research note on Friday, May 3rd. KeyCorp lifted their price target on Tetra Tech from $209.00 to $219.00 and gave the stock an "overweight" rating in a research note on Friday, May 3rd. Robert W. Baird lifted their price objective on Tetra Tech from $180.00 to $200.00 and gave the stock a "neutral" rating in a research report on Thursday, May 2nd. Finally, Maxim Group upped their price objective on Tetra Tech from $220.00 to $230.00 and gave the company a "buy" rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $221.40.

Insider Activity

In other news, Director J Kenneth Thompson sold 3,500 shares of the business's stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the transaction, the director now directly owns 10,985 shares in the company, valued at $1,946,981.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Tetra Tech news, CFO Steven M. Burdick sold 7,515 shares of the firm's stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $175.67, for a total value of $1,320,160.05. Following the completion of the transaction, the chief financial officer now directly owns 29,890 shares in the company, valued at $5,250,776.30. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J Kenneth Thompson sold 3,500 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $177.24, for a total transaction of $620,340.00. Following the completion of the sale, the director now owns 10,985 shares of the company's stock, valued at approximately $1,946,981.40. The disclosure for this sale can be found here. Corporate insiders own 0.61% of the company's stock.

Tetra Tech Profile

Tetra Tech, Inc provides consulting and engineering services in the United States and internationally. The company operates through two segments, Government Services Group (GSG) and Commercial/International Services Group (CIG). The GSG segment offers early data collection and monitoring, data analysis and information management, science and engineering applied research, engineering design, project management, and operations and maintenance services; and climate change and energy management consulting, as well as greenhouse gas inventory assessment, certification, reduction, and management services.